Fed raises rates for the second time in a decade, more in 2017

Fed raises rates for the second time in a decade, more in 2017

by | Dec 14, 2016 | News

The Federal Reserve raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017. In a widely expected move, the central bank raised its key short-term rate to a range of 0.5%-0.75% from 0.25% to 0.5%. The vote was...